You're the best Chris. Financial reporting is getting easier with open tuition.

I could seriously have saved myself time instead of hiring tutors by listening to your video. Well done nice vid

Good stuff! Simple examples like this brings out the concept

Champion. Exactly what I needed to see!

Why was the reserve figure for 2009 recorded under the retained earnings in the statement of changes in equity?

good & simple explanation.

hey does the impairment not effect the depreciation for 2009. are we not going to calculate it based on the recoverable amount?

Well illustrated.

I wonder why other people are killing themselves when Chris just made everything easy

well explained

Good explanation. However, i think it would have been better for understanding to use Journal Entries on the SOCI and not the Balancing figure route. Dr Impairment Loss in the PL $500, and Cr PPE bal. $500...

@theytwatcher950

11 ай бұрын

Its SPLOCI not SOCI

A product, Paint, measured at cost, 460,000, as at 31 March 20X7. In April 20X7, 70% of this inventory was sold for 280,000 on which ABC Co s’ sales staff earned a commission of 15% of the selling price. What is the carrying amount of the inventory in the statement of financial position as at 31 March 20X7?

Im not getting this part the ppe is revalued it should increased the ppe also??

WHY HAVENT YOU ADJUSTED R/E FOR REVLAUTION RESERVES Adjusting entry? DR R/E Revaluation reserves CR?

@abdullahnarejo1259

9 ай бұрын

in SOCE

Dude needs to stop clean shaving, from what I can see he has potential to have a wicked beard. If he sorted out his hair too, he might be able to make it out of being a finance tutor.